Hanover, Pennsylvania-based Utz Quality Foods announced plans in July to acquire Golden Enterprises, Inc., a snack food manufacturer based in Birmingham, Alabama. The company’s stockholders will receive $12 per share in cash, an estimated 71 percent premium over the company’s 30-day trading average closing of $7 per share.​Golden Flake Snack Foods, Inc., a wholly owned subsidiary of Golden Enterprises, Inc. (GLDC), manufactures snack food products. The company operates two manufacturing facilities — one in Birmingham, Alabama and the other in Ocala, Fla. It opened in 1923 and currently distributes products throughout the south.